QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 231,500 shares, a drop of 13.1% from the August 31st total of 266,300 shares. Based on an average daily volume of 47,700 shares, the days-to-cover ratio is currently 4.9 days. Approximately 0.8% of the company’s stock are short sold.

QuantaSing Group Stock Performance

QuantaSing Group stock opened at $1.84 on Monday. QuantaSing Group has a one year low of $1.41 and a one year high of $4.48. The stock has a market cap of $103.93 million, a PE ratio of 3.23 and a beta of 0.79. The stock has a 50-day moving average of $1.72 and a two-hundred day moving average of $2.36.

QuantaSing Group (NASDAQ:QSG) last released its earnings results on Wednesday, August 28th. The company reported $0.50 EPS for the quarter. The company had revenue of $137.62 million during the quarter. QuantaSing Group had a net margin of 10.15% and a return on equity of 104.58%.

Institutional Investors Weigh In On QuantaSing Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in shares of QuantaSing Group during the second quarter worth about $36,000. Boston Partners purchased a new position in QuantaSing Group during the 1st quarter worth approximately $401,000. Finally, Renaissance Technologies LLC acquired a new stake in QuantaSing Group during the 2nd quarter valued at approximately $49,000.

QuantaSing Group Company Profile

QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.